Quantbot Technologies LP Has $2.21 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Quantbot Technologies LP trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 58.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,103 shares of the construction company's stock after selling 27,991 shares during the period. Quantbot Technologies LP's holdings in THOR Industries were worth $2,209,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hancock Whitney Corp lifted its position in shares of THOR Industries by 12.0% during the 3rd quarter. Hancock Whitney Corp now owns 7,486 shares of the construction company's stock valued at $823,000 after acquiring an additional 800 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in shares of THOR Industries during the third quarter worth $227,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of THOR Industries by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company's stock valued at $66,092,000 after purchasing an additional 15,018 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of THOR Industries by 2.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company's stock valued at $128,767,000 after purchasing an additional 31,416 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in THOR Industries in the 3rd quarter worth about $136,000. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Stock Up 0.4 %

Shares of THOR Industries stock traded up $0.47 on Friday, hitting $111.60. 292,202 shares of the company traded hands, compared to its average volume of 502,778. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a 50-day moving average price of $108.98 and a 200 day moving average price of $102.51. The company has a market cap of $5.93 billion, a PE ratio of 22.54 and a beta of 1.67.

THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business's revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 EPS. Sell-side analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, November 1st. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio (DPR) is presently 40.57%.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on THO shares. BMO Capital Markets reiterated an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Truist Financial raised their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. DA Davidson reaffirmed a "neutral" rating and issued a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Finally, Benchmark reiterated a "hold" rating on shares of THOR Industries in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.80.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.